Ann: US$52M Term Sheet Signed for New York Battery Plant, page-90

"Yes C4v is based in a university facility. IMO" - That's correct. C4V is based out of Binghamton Centre of Excellence. Great as this is an SEZ and provides tax breaks for C4V. Magnis and BEI are based in Sydney, Kodak in Rochester, C&D assembly in Groton NY, etc...What does the individual business location have to do with the location of the proposed iM3 factory?

"No it has no factory space at Huron IMO" - can you please clarify what this remark is based on?

"Yes 1Gwh is small potatoes in todays battery factory landsacpe IMO" - Can you confirm the average size of the existing battery factories globally? You state it is small potatoes compared to existing factories "today". How big are these individual factories? Also, do those factories intend on expansion as iM3 intends or do you not count their future expansion plans?

"C4v is one of the partners with MNS in the possible NY IM3 factory IMO" - Not in you own opinion. That is just a fact. C4V is a partner in the iM3 consortium